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The 4% Rule Just Dropped to 3.9% — But Your RRIF Doesn't Care

  Published August 5, 2026 Morningstar's newest research says retirees can safely start withdrawing 3.9% a year. Ottawa's RRIF rules don't ask what's "safe" — they just tell you how much to take out, whether the math agrees or not. For years, the shortcut retirees leaned on was simple: take out 4% of your portfolio in your first year of retirement, bump it up with inflation every year after, and your savings should last three decades. Morningstar's 2026 State of Retirement Income report just trimmed that number to 3.9%. On its own, that's a small adjustment. On a $500,000 portfolio, it's the difference between withdrawing $19,500 or $20,000 in year one. But for Canadians, the number that actually controls the withdrawal isn't Morningstar's — it's the Canada Revenue Agency's. And once your RRSP becomes a Registered Retirement Income Fund, the CRA's required minimum can blow right past whatever a "safe" withdrawal rate i...
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Eurovision’s Harmony Disrupted by Political Discord

 

In a turn of events that has brought political tensions to the forefront of a traditionally unifying event, the Eurovision Song Contest has become the stage for significant protests. The inclusion of Israel’s contestant, Eden Golan, in the Eurovision finals has sparked widespread demonstrations in Malmo, Sweden, where the contest is being held. Despite the uproar, Golan advanced to the grand final, a victory overshadowed by the voices of thousands of pro-Palestinian protesters who took to the streets to express their dissent.

The protests have drawn attention from political figures as well. UK Prime Minister Rishi Sunak described the protests as ‘outrageous’, aligning with Israeli leader Benjamin Netanyahu’s condemnation of the events in Sweden. The demonstrations, which included prominent figures like Greta Thunberg, have been calling for a ceasefire and an end to the Israeli government’s military offensive in Gaza.

The Eurovision Song Contest, known for its eclectic mix of music and celebration of diversity, is facing a crisis as deep political divisions overshadow the event. The contest’s spirit of unity is being tested as protesters rebrand Eurovision as the “Genocide Song Contest,” demanding that Israel be held accountable for its actions in Gaza.

As the final approaches, the world watches to see if Eurovision can navigate these turbulent waters and return to its roots as a beacon of harmony and cultural exchange, or if it will remain mired in the complexities of global politics.

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